Money word, in plain English ← Back to all terms
NAV
Net Asset Value, the per-unit price of a mutual fund, set once a day.
Example. If a scheme's NAV is ₹42, one unit costs ₹42 that day.
NAV (Net Asset Value) is the price of one unit of a mutual fund. It is worked out once each day from the value of everything the scheme holds, divided by the number of units. When you buy or sell units, the NAV is the price you get for that day.